Announcement Of Appointment Of Executive Director

The Board’s comments on this appointment (including rationale, selection criteria, and the search and nomination process)

The Board had considered the Nominating Committee’s recommendation and assessment on the level of expertise and vast experience of Mr Lim Gwee Koon, and is satisfied with the value that he can contribute to the Board.

Whether appointment is executive, and if so, area of responsibility

Yes.

Mr Lim is currently the Chief Operating Officer of the Group since July 2008. His area of responsibilities include the following:-

– Management and all financial and corporate development aspects of the Company, including corporate, financial and business strategies, financial reporting, human resources and administration support of operations.
– Appointment also includes overseeing investor relations and merger & acquisition activities of the Group.

Job Title

Executive Director

Working experience and occupation(s) during the past 10 years

Before joining the Group, his past experience is as follow:-

2006-2008
Deputy CFO, Sincere Watch Limited

1997-2006
Group Financial Controller, Sincere Watch Limited

1993-1997
Finance Manager, Sincere Watch Limited

Shareholding in the listed issuer and its subsidiaries

50,000 Advanced Holdings Ltd.’s Shares

Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries

N.A.

Conflict of interest

N.A.

Other Directorship

Past (for the last five years)

Sincere Watch Co Ltd (Taiwan)

Present

NIL

Information required pursuant to Listing Rule 704(7)(h)

a.

Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner?

No

b.

Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency?

No

c.

Whether there is any unsatisfied judgement against him?

No

d.

Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose?

No

e.

Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach?

No

f.

Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)?

No

g.

Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?

No

h.

Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation?

No

i.

Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?

No

j.

Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-

(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or

No

(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or

No

(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or

No

(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere,

No

in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?

k.

Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?

No

Information required pursuant to Listing Rule 704(7)(i)

Any prior experience as a director of a listed company?

No

If yes, please provide details of prior experience.

Please refer to Footnotes.

Other Notes

Footnotes

As part of director induction, Mr Lim will register for courses run by Singapore Institute of Director and/or SGX on director’s roles and responsibilities in Singapore and the regulatory environment to familiarise himself with the rules and regulation pertaining to directors duties and obligation of a listed company.

Founded in 1993, Advanced Holdings Ltd. (the "Group"), a Mainboard-listed company on the Singapore Exchange, is a global engineering science organization that designs, manufactures and markets a diverse range of innovative products and solutions to the Oil & Gas and Petrochemicals & Chemicals industries to make operations safer, cleaner and more efficient.